• Success for Newport’s BID

    Here at M4 Property Consultants we have been championing the BID from the very start. It was fantastic to hear Newport Bid was successful a few weeks ago. Dan Smith, director of M4 Property Consultants explains why M4 supported the BID, and how it is set to improve Newport’s high street.

    “There are nearly 200 bids across the UK, and they are becoming increasingly important to towns and their revitalisation. Whilst on their own they are not the solution to all of the UK's retailing problems, they do provide a platform for businesses located within them to come together and address some issues they face.

    For Newport, there is positive news already with the Friars Walk development which will help draw people back to the city centre. However, this needs to be enhanced further by other improvements to the city centre to help the whole of the city centre to thrive again. There are numerous issues such as safety, cleanliness, car parking, the right retail / leisure mix that all need to be addressed. In addition, strong independent retailers making Newport different to any other retailing centres need to be supported and encouraged further.

    In our opinion, the business improvement district is vital in achieving these goals. The bid will bring together approximately 450 businesses, both national and independents retailers and also other companies to provide a single voice that has to be heard. In addition, the bid will also have a significant budget to spend on those areas that are identified as important to attract people back to the city centre.

    The bid provides power to its members to make significant changes for themselves, not rely on others to do it for them. We believe it could prove crucial in helping Newport city centre to become inviting for residents, businesses and visitors alike. However, establishing the bid is only the first stage, all those people within the bid area now need to embrace it, provide their support and contribute to making a real difference for Newport. We will continue to give it our support and hope others do as well.”

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